8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

(Date of earliest event reported): March 25, 2010

IMPERIAL PETROLEUM, INC.

(Exact name of Registrant as specified in its charter)

Nevada	0-9923	95-3386019
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification)

329 Main Street, Suite 801

Evansville, IN 47708

(Address of principal executive office and zip code)

(812) 867-1433

(Registrant’s telephone number, including area code)

Check the appropriate box bellow if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

ITEM 1.01 EXECUTION OF A MATERIAL DEFINITVE AGREEMENT:

The Registrant executed an Amendment to that certain Stock Purchase Agreement (“Agreement”) dated February 24, 2010 with e-biofuels, LLC and its shareholders (collectively “e-biofuels”) extending the date of the Closing from March 31, 2010 until April 30, 2010. All of the other terms of the original Stock Purchase Agreement remain unchanged. Under the terms of the Stock Purchase Agreement, e-biofuels will become a wholly-owned subsidiary of the Registrant at closing, now scheduled for April 30, 2010. E-biofuels is engaged in the manufacture and sale of biodiesel at its plant in Middletown, Indiana and has a plant capacity of 15 million gallons per year.

ITEM 9.01 EXHIBITS

(d) Exhibits

Exhibit Number	Description of Exhibit
99.1	Press Release
99.2	Amendment to Stock Purchase Agreement

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Imperial Petroleum, Inc.
By:	/s/ Jeffrey T. Wilson
	Jeffrey T. Wilson
Title:	President

Dated: March 26, 2010

EX-99.1

Exhibit 99.1

Imperial and e-Biofuels Extend Closing

Evansville, IN, …. March 26, 2010 (Symbol ….IPMN) Imperial Petroleum, Inc. announced that it has mutually extended the closing of its acquisition of e-Biofuels, LLC, of Middletown, IN. The new closing is slated for April 30, 2010 to allow more time to complete due diligence and funding commitments.

“Our original closing date of March 31, 2010 was slightly aggressive for an acquisition of this size and we simply need a little more time to complete all the paperwork, including the final funding commitment from our lender,” indicated Jeffrey T. Wilson, President of Imperial. “We’re very excited about completing this acquisition and implementing our plans to expand the e-biofuels’ plant capacity to 25 million gallons per year which in an increase of almost 60 percent and introducing our new renewable biofuels products in the near future. In 2009 e-Biofuels, LLC had revenue of approximately $20,000.00.”

Imperial is an oil and natural gas exploration and production company headquartered in Evansville, Indiana.

This press release may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

CONTACT: Imperial Petroleum, Inc.

Jeffrey T. Wilson, CEO, Phone 812-867-1433, Fax 812-867-1678

email: jtwilsonx1@aol.com

EX-99.2

Exhibit 99.2

PO BOX 1006                

EVANSVILLE, IN 47706                

Ph 812-867-1433

Fax 812-867-1678

March 25, 2010

Mr. Craig Ducey

Mr. Chad Ducey

Mr. Brian Carmichael

Mr. Bruce Carmichael

e-Biofuels LLC

PO Box 113

Middletown, IN 47356

Re: Amendment #1 to Stock Purchase Agreement:

Extension of Closing

Dear Gentlemen:

In connection with that certain Stock Purchase Agreement dated February 24, 2010 by and between e-biofuels, LLC, the e-biofuels Shareholders and Imperial Petroleum, Inc., this letter when executed by you will constitute an amendment to the terms of that Agreement as provided below:

1. Section 1.03 is hereby amended to change the Closing Date from March 31, 2010 to April 30, 2010.

2. All other terms of the Stock Purchase Agreement shall remain in full force and effect.

Please indicate your acceptance of the amendment to the Closing Date by signing in the space provided below and returning one executed copy.

Very Truly Yours,

Jeffrey T. Wilson

President

Agreed to and accepted this 25^th day of March, 2010

	e-biofuels, LLC
By:	/s/ Craig Ducey
	Craig Ducey

By:	/s/ Craig Ducey
	Craig Ducey
By:	/s/ Chad Ducey
	Chad Ducey
By:	/s/ Brian Carmichael
	Brian Carmichael
By:	/s/ Bruce Carmichael
	Bruce Carmichael